SCHEDULE OF PROPOSED LEVY RATE
RALEIGH COUNTY BOARD OF EDUCATION
For the Fiscal year Ended June 30, 2023
The above named county board of education, having ascertained that the amount to be raised by a levy of taxes for the purposes and within the limits prescribed by statute or authorized by voters, does hereby propose to adopt the following levy rates to be laid on each one hundred dollars of assessed valuation of each class of property:
Column E Current Expense Levy
Certificate of Valuation Levy Taxes
Assessed Value for Tax Purposes Rate/$100 Levied
Class I
Personal Property $- 19.40 $-
Public Utilities – –
Total Class I – –
Class II
Real Estate 1,321,350,600 38.80 5,126,840
Personal Property 14,966,176 58,069
Total Class II 1,336,316,776 5,184,909
Class III
Real Estate 575,440,920 77.60 4,465,422
Personal Property 592,208,817 4,595,540
Public Utilities 236,785,723 1,837,457
Total Class III 1,404,435,460 10,898,419
Class IV
Real Estate 337,465,810 77.60 2,618,735
Personal Property 153,777,883 1,193,316
Public Utilities 42,157,104 327,139
Total Class IV 533,400,797 4,139,190
Total Assessed Valuation and Projected Gross Tax Collections $3,274,153,033 $20,222,518
Less Allowance for Uncollectibles, Exonerations and Delinquencies 7.00% (1,415,576)
Less Allowance for Tax Discounts 2.00% (376,139)
Less Allowance for Tax Increment Financing – see worksheet
(Subtracted from regular current expense tax levy only) (501,464)
Net Projected Tax Collections, before allowance for Assessor’s Valuation Fund 17,929,339
Less – Allowance for Assessor’s Valuation Fund 2.00% (358,587)
(Subtracted from regular current expense tax levy only)
Projected Net Taxes to be Collected $17,570,752
Note: Copies of all approved excess and/or bond levy orders and certified copies of the canvass of votes must be on file with the State Auditor’s Office and the State Department of Education before excess or bond levy rates can be approved.
SIGNED THIS 15th DAY OF MARCH, 2022, BY
Charles D. Price, SECRETARY OF THE BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES
RALEIGH COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2023
Excess Levy Permanent Improvement Bond Levy
Levy Taxes Levy Taxes Levy Taxes
Rate/$100 Levied Rate/$100 Levied Rate/$100 Levied
Class I
Personal Property 22.95 $- – $- – $-
Public Utilities – – –
Total Class I – – –
Class II
Real Estate 45.90 6,064,999 – – – –
Personal Property 68,695 – –
Total Class II 6,133,694 – –
Class III
Real Estate 91.80 5,282,548 – – – –
Personal Property 5,436,477 – –
Public Utilities 2,173,693 – –
Total Class III 12,892,718 – –
Class IV
Real Estate 91.80 3,097,936 – – – –
Personal Property 1,411,681 – –
Public Utilities 387,002 – –
Total Class IV 4,896,619 – –
Total Assessed Valuation and Projected Gross Tax Collections $23,923,031 $- $-
Less Allowance for Uncollectibles, Exonerations and Delinquencies 7.00% (1,674,612) 7.00% – – –
Less Allowance for Tax Discounts 2.00% (444,968) 2.00% –
Projected Net Taxes to be Collected $21,803,451 $- $-
Total Projected Net Taxes from Regular and Excess Levies $39,374,203
SIGNED THIS 15th DAY OF MARCH, 2022, BY
Charles D. Price, SECRETARY OF THE BOARD OF EDUCATION
SCHEDULE OF PROPOSED LEVY RATES
ALLOWANCE FOR TAX INCREMENT FINANCING
RALEIGH COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2023
Column C Current Expense Levy
Roll Back Levy Taxes
Value Form Rate/$100 Levied
Class I
Personal Property – 19.40 $-
Public Utilities – –
Total Class I – –
Class II
Real Estate 108,248,400 38.80 420,004
Personal Property – –
Total Class II 108,248,400 420,004
Class III
Real Estate 16,779,540 77.60 130,209
Personal Property – –
Public Utilities – –
Total Class III 16,779,540 130,209
Class IV
Real Estate – 77.60 –
Personal Property – –
Public Utilities – –
Total Class IV – –
Total Value and Projected Revenue $125,027,940 $550,213
Less Allowance for Uncollectibles, Exonerations and Delinquencies 7.00% (38,515)
Less Allowance for Tax Discounts 2.00% (10,234)
Allowance for Tax Increment Financing 501,464
SIGNED THIS 15th DAY OF MARCH, 2022, BY
Charles D. Price, SECRETARY OF THE BOARD OF EDUCATION
ID: 587687